NEW YORK, Jan. 02, 2018 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of persons and entities that acquired Aqua Metals, Inc. (“Aqua Metals” or the “Company”) (NASDAQ:AQMS) securities between February 9, 2017 and November 9, 2017, inclusive (the “Class Period”).
Investors who have incurred losses in Aqua Metals, Inc. are urged to contact the firm immediately at classmember@whafh.com or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.
If you have incurred losses in the shares of Aqua Metals, Inc. and would like to assist with the litigation process as a lead plaintiff, you may, no later than February 13, 2018, request that the Court appoint you lead plaintiff of the proposed class. Please contact Wolf Haldenstein to learn more about your rights as an investor in Aqua Metals, Inc.
On May 9, 2017, Aqua Metals held a conference call to discuss its First Quarter 2017 results. On the call, Defendant Stephen R. Clarke (“Clarke”), the Chairman and Chief Executive Officer (“CEO”) of Aqua Metals, stated that “it took longer than we planned to get the breaking and separation up and running.” On this news, the Company’s stock price fell $4.34 per share, or 26%, to close at $12.31 per share on May 10, 2017.
Subsequently, on August 9, 2017, the Company held a conference call to discuss its Second Quarter 2017 results. On the call, Clarke disclosed that the Company had made and installed improvements such that “breaking and separation is now operational,” and “breaking and separation is operating reliably.” On this news, the Company’s stock price fell $2.56 per share, or 23.6%, to close at $8.31 per share on August 10, 2017.
On October 23, 2017, the Company issued a press release entitled “Aqua Metals Provides Update on Plant’s Operations.” The Company disclosed that Aqua Metals had only “produced small quantities of AquaRefined lead during the commissioning process” and that “under certain conditions, the operators would need to periodically assist the lead removal.” On this news, the Company’s stock price fell $0.96 per share, or 17.9%, to close at $4.41 per share on October 23, 2017.
Finally, on November 9, 2017, after the market closed, Aqua Metals issued a press release entitled “Aqua Metals Provides Third Quarter 2017 Corporate Update.” The Company admitted that it “faced . . . many challenges as [it] worked to ramp up production.”
Wolf Haldenstein Adler Freeman & Herz LLP has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at classmember@whafh.com, or visit our website at www.whafh.com.
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Contact:
Wolf Haldenstein Adler Freeman & Herz LLP
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone@whafh.com, kcooper@whafh.com or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774
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